Tuesday, December 22, 2020

Rent Arrears

 840,000 private tenants in England and Wales could be behind on their rent, with young people and the self-employed most likely to have missed payments.

The average arrears were between £251 and £500, some tenants reported that they owed their landlord more than £1,000.

Renters aged between 18 and 24 were twice as likely to have fallen behind as the general population of tenants, and the self-employed were most likely to be struggling, with 17% saying they had built up debts to their landlord. These groups have been hard hit by the economic fallout from the coronavirus crisis. Young people have suffered disproportionately from job cuts, while many self-employed people have been unable to access government job support schemes and have seen their incomes fall dramatically as a result.

840,000 private tenants in England and Wales could be behind on rent | Money | The Guardian

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